P3tr4's Blog

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The USD is looking ready to fall over!

It is very common knowledge that after a range, comes a major trend move. The challenge is placing trades in the right direction. But since we can not see the future, most traders prefer to set pending orders above and below the range, for long and short trades respectively.
Well, after what has been a rather dull 24hours, my short USDSEK, USDNOK Have started showing some movement in profit direction..
looking at the economic data scheduled for release today, the only thing that jumps at me is t…
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The EURO Blast Off!!

Finally, after a very slow week of anticipation and waiting, the USD finally starts to lose steam. The EURUSD is taking off like a Bat Out of hell...To the Sky and Beyond!!
I have a nice long EURUSD position currently running at over a 100pips. Its an interesting lesson, learning to wait. Ideally, i should have waited for a trend change confirmation before taking that long. Contest account is in recovery phase, still about 40% down, but am sure the Eur bulls will continue. My target is still 1.4…
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USD showing weakness

The USD index seems to be hitting some heavy resistance on the daily charts. This is probably the end of its 3-month rally, its still a bit early, but the cracks are starting to show. Reversal candles are forming all over the place.
I'm already long on the eur/usd, plan on adding more longs to the GBPUSD and AUDUSD....the eur/usd looks like 1.4 to me.
Lets face it folks, the USD bull is dead, time to take it out of play.
Not sure about the yen pairs just yet, i know a weak USD will probably keep…
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